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An Evaluation Of Cap And Trade Programs For Reducing Us Carbon Emissions
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Book Synopsis Evaluation of Cap-and-Trade Programs for Reducing U. S. Carbon Emissions by : Terry Dinan
Download or read book Evaluation of Cap-and-Trade Programs for Reducing U. S. Carbon Emissions written by Terry Dinan and published by DIANE Publishing. This book was released on 2008-07 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: Climate change has emerged as an important public policy issue, although the prospects for an internat. agree. on climate policy are unclear. Many people have proposed plans to encourage or require cuts in the U.S. emissions of carbon dioxide, which affect the Earth¿s climate. This study examines 4 proposals for reducing those emissions. Each proposal is a variant of a ¿cap-and-trade¿ program, in which policymakers would set a mandatory cap on emissions of carbon dioxide and provide co¿s. with econ. incentives to reach that cap at the lowest possible cost. This study evaluates the 4 proposals using various criteria, including ease of implementation, degree of certainty about achieving the target level of emissions, cost-effectiveness, and distributional effects. Ill.
Book Synopsis An Evaluation of Cap-and-trade Programs for Reducing U.S. Carbon Emissions by :
Download or read book An Evaluation of Cap-and-trade Programs for Reducing U.S. Carbon Emissions written by and published by . This book was released on 2001 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Congressional Budget Office (CBO) study, written by Terry Dinan--prepared at the request of the Senate Committee on Environment and Public Works--examines four proposals. All are variants of a "cap-and-trade" program, in which policymakers would set a mandatory cap on carbon emissions and allow businesses to trade rights (or allowances) to those emissions.
Book Synopsis An Evaluation of Cap-and-Trade Programs for Reducing U.S. Carbon Emissions by :
Download or read book An Evaluation of Cap-and-Trade Programs for Reducing U.S. Carbon Emissions written by and published by . This book was released on 2001 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Climate change has emerged as an important public policy issue, although the prospects for an international agreement on climate policy are unclear. Several Members of Congress and public interest groups have proposed plans to encourage or require cuts in the United States' emissions of carbon dioxide, which affect the Earth's climate. This Congressional Budget Office (CBO) study-prepared at the request of the Senate Committee on Environment and Public Works-examines four proposals for reducing those emissions. Each proposal is a variant of a "cap-and-trade" program, in which policymakers would set a mandatory cap on emissions of carbon dioxide and provide companies with economic incentives to reach that cap at the lowest possible cost. This study evaluates the four proposals using various criteria, including ease of implementation, degree of certainty about achieving the target level of emissions, cost-effectiveness, and distributional effects. The analysis shows how key decisions in the design of cap-and-trade programs affect their performance relative to those criteria. No single proposal stands out in terms of all the criteria considered. Which option policymakers might prefer, if they chose to take action at all, would depend on how they weighed the various performance criteria.
Book Synopsis An Evaluation of Cap-And-Trade Programs For Reducing U.S. Carbon Emissions, A CBO Study, June 2001 by : United States. Congressional Budget Office
Download or read book An Evaluation of Cap-And-Trade Programs For Reducing U.S. Carbon Emissions, A CBO Study, June 2001 written by United States. Congressional Budget Office and published by . This book was released on 2001* with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis International Aspects of a Carbon Cap and Trade Program by : United States. Congress. Senate. Committee on Finance
Download or read book International Aspects of a Carbon Cap and Trade Program written by United States. Congress. Senate. Committee on Finance and published by . This book was released on 2008 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Problem of Maintaining Emissions 'Caps' in Carbon Trading Programs Without Federal Government Involvement by : Tseming Yang
Download or read book The Problem of Maintaining Emissions 'Caps' in Carbon Trading Programs Without Federal Government Involvement written by Tseming Yang and published by . This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In spite of the Bush Administration's rejection of the 1997 Kyoto Protocol, states and private organizations have made efforts to curb greenhouse gas emissions independent of the federal government. Among these initiative are cap and trade programs designed to lower the cost of reducing carbon emissions. Among the best known cap and trade programs are the Chicago Climate Exchange (CCX), a private trading scheme, and the New England Regional Greenhouse Gas Initiative (RGGI), a recently created multi-state government-sponsored trading arrangement that is still in the organizational set-up stage. Both of these programs follow in the footsteps of the national cap and trade sulfur dioxide trading program created by 1990 Clean Air Act Amendments. Unlike the sulfur dioxide program, however, the federal government is not involved in the enforcement of carbon emission limits in either the CCX or the RGGI. Hence, compliance with program-wide carbon emissions caps will depend on the enforcement efforts of the CCX and RGGI. This essay explores some of the challenges of emissions cap enforcement posed by the structure of the two programs.
Book Synopsis Has California's Cap-and-Trade Caused a Reduction in Greenhouse Gas Emissions: A Firm-Level Analysis by : Brendan Gerard Timmons
Download or read book Has California's Cap-and-Trade Caused a Reduction in Greenhouse Gas Emissions: A Firm-Level Analysis written by Brendan Gerard Timmons and published by . This book was released on 2019 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: As part of efforts to reduce greenhouse gas emissions, policymakers around the world have implemented or are considering market-based emissions reductions policies like cap-and-trade. In the U.S., the only state with a cap-and-trade program that covers every sector in the economy is California, which has become a global leader in climate policy. Though California's emissions have decreased since the policy was implemented, this decline coincides with other factors, such as the natural gas boom and subsequent drop in natural gas prices, increases in vehicle gas mileage, and the ramping up of renewable portfolio standards. This study seeks to determine if, accounting for these other factors, the decrease in emissions can be attributed to the cap-and-trade program, and if so, how much reduction has come as a result of compliance with the program. I also study whether and how individual facilities comply with the cap. Using panel data for firm-level emissions from the U.S. Environmental Protection Agency and California Air Resources Board and accounting for other factors using data from a variety of U.S. government sources, I find that California's cap-and-trade program is associated with a reduction in firms' emissions. However, my results show that this decline may be at least partially attributed to leakage of emissions from California's climate policy regime to other states. Further study and more detailed data is needed to better understand the relationship between firms' emissions, the cap, and leakage.
Download or read book The Greenhouse Gas Protocol written by and published by World Business Pub.. This book was released on 2004 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The GHG Protocol Corporate Accounting and Reporting Standard helps companies and other organizations to identify, calculate, and report GHG emissions. It is designed to set the standard for accurate, complete, consistent, relevant and transparent accounting and reporting of GHG emissions.
Book Synopsis Markets for Clean Air by : A. Denny Ellerman
Download or read book Markets for Clean Air written by A. Denny Ellerman and published by Cambridge University Press. This book was released on 2000-06-19 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book analyzes the behavior and performance of the market for emissions permits, called allowances in the Acid Rain Program, and quantifies emission reductions, compliance costs, and cost savings associated with the trading program."--BOOK JACKET.
Book Synopsis Primer on Transportation and Climate Change by :
Download or read book Primer on Transportation and Climate Change written by and published by AASHTO. This book was released on 2008 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report serves as an introduction to the issue of climate change and its implications for transportation policy in the U.S. The report: Summarizes the current state of scientific knowledge concerning the causes and impacts of climate change; Provides an introduction to climate change policy issues; Discusses trends in greenhouse gas emissions from road transportation; Reviews potential measures to reduce such emissions; and Identified issues for further research.
Book Synopsis Managing Allowance Prices in a Cap-and-trade Program by : Terry Dinan
Download or read book Managing Allowance Prices in a Cap-and-trade Program written by Terry Dinan and published by . This book was released on 2010 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Scientists generally conclude that rising concentrations of greenhouse gases are warming the Earth's climate. Concern about the damage that might result has led policymakers and analysts to consider policies designed to restrict emissions of those gases. One type of policy, a cap-and-trade program, could minimize the cost of achieving a limit, or cap, on emissions by allowing market forces to determine where, how, and to some extent when the cuts in emissions necessary to achieve the cap would be made. This Congressional Budget Office (CBO) study--prepared at the request of the Chairman of the Senate Committee on Energy and Natural Resources--examines the potential effects of features that would help manage allowance prices, and thus the cost of complying with a cap-and-trade program, by altering the number of allowances available to firms at various prices--Preface.
Book Synopsis Climate Change Policy: Preliminary Observations on Options for Distributing Emissions Allowances and Revenue Under a Cap-and-Trade Program by : John Stephenson
Download or read book Climate Change Policy: Preliminary Observations on Options for Distributing Emissions Allowances and Revenue Under a Cap-and-Trade Program written by John Stephenson and published by DIANE Publishing. This book was released on 2011 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a print on demand edition of a hard to find publication. Congress is considering proposals to establish a price on greenhouse gas emissions through a cap-and-trade program that would limit overall emissions and require covered entities to hold tradable emissions permits, or allowances, for their emissions. This program would raise the cost of activities that produce emissions and provide an economic incentive to decrease emissions. A cap-and-trade program would increase the cost of burning fossil fuels and other activities that generate emissions and potentially raise costs for consumers. A key decision is the extent to which the gov¿t. offsets these costs. This testimony assesses the potential effects of: (1) allowance allocation methods; and (2) options for distributing program revenues. Illus.
Book Synopsis Business Actions Reducing Greenhouse Gas Emissions by : United States. Congress. House. Committee on Science
Download or read book Business Actions Reducing Greenhouse Gas Emissions written by United States. Congress. House. Committee on Science and published by Amicus. This book was released on 2005 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: Amicus Readers at level 1 include: a picture glossary, a table of contents, index, websites, and literacy notes located in the back of each book. Additionally, content words are introduced within the text supported by a variety of photo labels. In particular, this title describes a trip to the zoo in which the reader learns about various animals. Includes visual literacy activity.
Book Synopsis Evaluating the Policy Trade-offs in ARB's Cap-and-trade Program by : James Nachbaur
Download or read book Evaluating the Policy Trade-offs in ARB's Cap-and-trade Program written by James Nachbaur and published by . This book was released on 2012 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Exploring Cap-and-Trade written by and published by . This book was released on 2018 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: Climate change is an urgent issue unlike anything humanity has ever faced. This thesis explores a market-based tool to reduce greenhouse gas emissions and limit global warming. Specifically, it uses the California cap-and-trade program as a case study. It provides background information on this program, which was established from the California Global Warming Solutions Act of 2006 (AB 32) and in 2017 was extended to 2030. Evaluating market-based tools is becoming increasingly important as countries and states look for ways to reduce climate pollution and create investments in a clean energy future. Through analysis of government reports and a literature review, this paper finds that the program is not performing at its optimum. It recommends reducing the number of allocated permits to increase the demand and the price. Additionally, it recommends implementation of processes that evaluate and reconsider how different programs created under AB 32 can complement carbon pricing--not undermine its ability to reduce emissions. Although the California cap-and-trade program is not performing at its optimum, the program represents California's commitment to addressing climate change and acts as an international inspiration for climate action. There are multiple states that are currently considering implementing carbon pricing tools. This paper concludes by providing an overview of the pending carbon legislation in Oregon.
Book Synopsis America's Climate Choices by : National Research Council
Download or read book America's Climate Choices written by National Research Council and published by National Academies Press. This book was released on 2011-06-11 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt: Climate change is occurring. It is very likely caused by the emission of greenhouse gases from human activities, and poses significant risks for a range of human and natural systems. And these emissions continue to increase, which will result in further change and greater risks. America's Climate Choices makes the case that the environmental, economic, and humanitarian risks posed by climate change indicate a pressing need for substantial action now to limit the magnitude of climate change and to prepare for adapting to its impacts. Although there is some uncertainty about future risk, acting now will reduce the risks posed by climate change and the pressure to make larger, more rapid, and potentially more expensive reductions later. Most actions taken to reduce vulnerability to climate change impacts are common sense investments that will offer protection against natural climate variations and extreme events. In addition, crucial investment decisions made now about equipment and infrastructure can "lock in" commitments to greenhouse gas emissions for decades to come. Finally, while it may be possible to scale back or reverse many responses to climate change, it is difficult or impossible to "undo" climate change, once manifested. Current efforts of local, state, and private-sector actors are important, but not likely to yield progress comparable to what could be achieved with the addition of strong federal policies that establish coherent national goals and incentives, and that promote strong U.S. engagement in international-level response efforts. The inherent complexities and uncertainties of climate change are best met by applying an iterative risk management framework and making efforts to significantly reduce greenhouse gas emissions; prepare for adapting to impacts; invest in scientific research, technology development, and information systems; and facilitate engagement between scientific and technical experts and the many types of stakeholders making America's climate choices.
Book Synopsis Confronting the Climate Challenge by : Lawrence Goulder
Download or read book Confronting the Climate Challenge written by Lawrence Goulder and published by Columbia University Press. This book was released on 2017-12-26 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: Without significant reductions of greenhouse gas emissions, climate change will cause substantial damage to the environment and the economy. The scope of the threat demands a close look at the policies capable of reducing the harm. Confronting the Climate Challenge presents a unique framework for evaluating the impacts of a range of U.S. climate-policy options, both for the economy overall and for particular household groups, industries, and regions. Lawrence Goulder and Marc Hafstead focus on four alternative approaches for reducing carbon dioxide emissions: a revenue-neutral carbon tax, a cap-and-trade program, a clean energy standard, and an increase in the federal gasoline tax. They demonstrate that these policies—if designed correctly—not only can achieve emissions reductions at low cost but also can avoid placing undesirable burdens on low-income household groups or especially vulnerable industries. Goulder and Hafstead apply a multiperiod, economy-wide general equilibrium model that is distinct in its attention to investment dynamics and to interactions between climate policy and the tax system. Exploiting the unique features of the model, they contrast the shorter- and longer-term policy impacts and focus on alternative ways of feeding back—or “recycling”—policy-generated revenues to the private sector. Their work shows how careful policy design, including the judicious use of policy-generated revenues, can achieve desired reductions in carbon dioxide emissions at low cost, avoid uneven impacts across household income groups, and prevent losses of profit in the most vulnerable U.S. industries. The urgency of the climate problem demands comprehensive action, and Confronting the Climate Challenge offers important insights that can help elevate policy discussions and spur needed efforts on the climate front.
